Trump Suggests He Influenced Warsh's Rate Hike Decision

Kevin Warsh's decision to raise interest rates for the first time in three years has put him at odds with President Donald Trump. In a surprising move, Trump suggested that he gave Warsh permission to raise rates, implying that the Fed chief was outnumbered on the rate-setting committee.

'I talked to Kevin and I said you might as well vote with the board because it's not going to matter... I said, 'Do what you want because it doesn't matter' because he doesn't have the votes,' Trump told reporters.

Warsh tap-danced around questions related to his relationship with the president, stating that the Fed stays in its lane and maintains independence. However, some analysts expressed skepticism about Warsh's ability to make independent decisions, citing concerns that he may be influenced by Trump.